Quarles: FSB to examine too-big-to-fail reforms
Organisation must improve transparency, says chairman Randal Quarles
The Financial Stability Board will be evaluating the effects of the post-crisis reforms aimed at preventing institutions becoming “too-big-to-fail”, FSB chair Randal Quarles said in a speech on March 28.
Quarles said the FSB will this year draw “extensively” on academic advisers to examine if the Group of 20-led reforms addressed the risks associated with systemically important banks. The FSB is looking to appoint three academics to support the process, and sent out a request for applications
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